Dohj LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 15.1% during the second quarter, Holdings Channel reports. The firm owned 2,851 shares of the utilities provider’s stock after selling 509 shares during the period. Dohj LLC’s holdings in American Water Works were worth $439,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of AWK. Atlas Private Wealth Advisors bought a new stake in American Water Works during the second quarter worth $29,000. Selective Wealth Management Inc. bought a new stake in shares of American Water Works in the second quarter valued at $31,000. CSat Investment Advisory L.P. raised its stake in shares of American Water Works by 59.2% in the first quarter. CSat Investment Advisory L.P. now owns 234 shares of the utilities provider’s stock valued at $35,000 after buying an additional 87 shares during the period. Tradition Wealth Management LLC purchased a new position in shares of American Water Works in the first quarter valued at $35,000. Finally, Berman Capital Advisors LLC grew its position in shares of American Water Works by 90.2% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.
Several brokerages have recently weighed in on AWK. Janney Montgomery Scott cut American Water Works from a “buy” rating to a “neutral” rating and lifted their price target for the company from $159.00 to $181.00 in a research report on Wednesday, August 4th. Argus upgraded American Water Works from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Friday, August 6th. HSBC cut American Water Works from a “buy” rating to a “hold” rating and boosted their target price for the stock from $181.00 to $190.00 in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Barclays lifted their price target on American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 15th. Finally, US Capital Advisors lowered American Water Works from an “overweight” rating to a “hold” rating in a research note on Friday, August 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $182.00.
American Water Works (NYSE:AWK) last announced its earnings results on Sunday, August 1st. The utilities provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. American Water Works had a return on equity of 11.42% and a net margin of 19.26%. The company had revenue of $999.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $0.97 EPS. American Water Works’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that American Water Works Company, Inc. will post 4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Tuesday, August 10th were given a dividend of $0.603 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 9th. This represents a $2.41 dividend on an annualized basis and a dividend yield of 1.31%. American Water Works’s dividend payout ratio (DPR) is presently 61.79%.
American Water Works Profile
American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.
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